South Kingstown RI Real Estate Market February 2015

by

South Kingstown RI Real Estate Market February 2015

The South Kingstown RI real estate report for single family homes for February 2015 indicates a turnaround in home sales up by 25% over the prior month even with bad weather.  Single family homes sold here have shown a 6% increase and a 1% increase in sold home values year to date through February 2015 as compared to year to date February 2014.  A positive sign for home sellers in South Kingstown.

South Kingstown RI Real Estate Market February 2015

 

 

This month’s South Kingstown real estate report is provided by Ginny Lacey Gorman of waterfront RI real estate:

  • Properties currently active on the market: 175 ( 4% decrease over prior month)
  • Single-family properties closed in February 2015: 20 (25% increase over prior month)
  • Average sales price: $ 300,000 
  • Median sales  price: $241,000
  • Sales price to list price ratio: 94% ( same as prior month)
  • Average days on the market: 103 (51% decrease from prior month)
  • Sales currently pending: 42 (2% increase over prior month)

  • South Kingstown home absorption rate indicates it is still a buyers market with over 8 months worth of home inventory.  Home absorption is the amount of time it will take to sell all the homes currently on the market without adding to it.

  • Breakdown of the 20 South Kingstown sold homes is as follows for the month: 14 homes sold under $300,000, 2 homes sold between $300,000-$400,000 and 4 homes sold for more than $400,000 but less than a million.  The under $300,000 home market continues to be the strongest  and hottest market for real estate here.  This month the inclement weather did not bother home sales in South Kingstown in fact they were up over the prior less wintry month.  Looking forward to a strong spring in real estate activity.

South Kingstown RI Real Estate Market Report February 2015 update gives home buyers and sellers the information they need to make a qualified  real estate decision.

 

Home sellers need to be very aware of pricing and their competition in the real estate market now…understand the secret sauce of pricing a home and talk with an internet savvy real estate agent about marketing.  Ensuring a targeted marketing plan to home buyers online is an essential part of my RI real estate marketing including great photography.


  South Kingstown RI Real Estate Market February 2015
Year to date home sales through February 2015 shows a 6% increase in home sales and a 1% increase in home sale values over year to date February 2014.   This is a stronger real estate base to build on in 2015  for homeowners.   Listen home buyers… it will probably now cost you more to buy the same house as compared to a year ago here….time to purchase a South Kingstown home is now while mortgage rates are rock bottom to buy.

 

South Kingstown RI Real Estate Market February 2015

Take a look at the hottest South Kingstown homes for sale right here and now.  As current as you can get everyday with the best and most thorough Rhode Island real estate information provided to the consumer.

The South Kingstown community is a waterfront southern RI town that is fortunate to have the University of Rhode Island campus in its borders, cultural music and theater, notable restaurants, the Amtrak train station in Kingston and good public & private schools.  It is bordered by Narragansett, North Kingstown and Charlestown towns too.   And yes the Atlantic ocean is here with Rhode Island’s phenomenal beaches and this could be your ultimate location!   This is all a great draw when put together for any South Kingstown home buyer.

Recent South Kingstown Home Sale Reports you may be interested in reading:

South Kingstown RI Home Sale Report January 2015

South Kingstown RI Home Sale Report December 2014

South Kingstown RI Home Sale Report November 2014

South Kingstown RI Home Sale Report October 2014

I hope that this South Kingstown real estate current update gives you information and knowledge in this home sale market for the coming year.   As a South Kingstown real estate agent, I work with home buyers and sellers to ensure the best guidance, representation and abilities are used in their real estate negotiations.  Knowing the septic changes in the Critical Resource Areas  or flood zones in South Kingstown ensures when you work with me that you will know your costs well when home buying or selling.

Being a local real estate agent, having lived in this community for years and raising my family here keeps me in touch well with this community.  Call me, Ginny Gorman, at 401.529.7849 or email me at ginny@RiHouseHunt.com for assistance in buying and selling RI real estate.

The most current South Kingstown homes for sale are available right here, as follows:

South Kingstown RI Real Estate Market February 2015

~~~~~~~~~~~~~~~~~~~~~~~~

Ginny Lacey Gorman is your go to South Kingstown Rhode Island waterfront and luxury real estate agent for RI real estate and beyond…knowing the geographic area, schools, happenings and important tidbits of local information for the consumer. Email me at Ginny@RiHouseHunt.com to make an appointment to discuss your real estate needs today.  The spring market has already started.
 
Waterfront, oceanfront, luxury and coastal Rhode Island real estate are my specialty but all of RI is my backyard.  When you are in need of a real estate professional and specialist for your buying, selling or relocating needs and an internet savvy marketer who sells RI houses at top prices in this real estate market, call Ginny Gorman at 401.529.7849 today.